Lates News

As investors awaited the outcome of the U.S. midterm elections, South Korean stocks turned lower after opening higher, with AI-related shares pulling back. The KOSPI index fell as much as 2.5%, heavyweight Samsung Electronics dropped 3%, and SK Hynix declined as much as 4.5%. Asian AI infrastructure companies are highly dependent on U.S.-led AI investment. iM Securities analyst Yang Hyun-kyung said in a report that if Democrats control both chambers of Congress, calls for stricter AI regulation could grow, bringing uncertainty to data center expansion timelines.